Balance Sheet of Subco. as of $1$st January $201$ is as under:

$\backslash$table$[[$ASSETS$,$Liabilities$],[$Cash$,2,190,$Accounts Payable,$43,840],[$Accounts Receivables,$21,450,$Salaries Payable,$7,140],[$Inventory$,9,540,$Income tax payable,$11,680],[$Machinery$,23,840,$Bank Loan,$57,410],[$Automobiles$,18,150,$Shareholders' Equity,$77,100],[$Investments$,14,650,$Retained Earnings,$20,070],[$Buildings$,127,420,,],[217,240,,217,240]]$

On the above date, Holdco acquired Subco for a sum of $$95,000.$ The assets and liabilities of Subco were revalued as under:

$\backslash$table$[[$Inventory$,$$$,7,640],[$Automobiles$,$$$,16,860],[$Investments$,$$$,15,975],[$Machinery$,$$$,18,630],[$Incometax payable,$$,13,160],[$Salaries payable,$$,6,130]]$

You are required to $1)$ calculate the amount of Goodwill $/$ Bargain Purchase

prepare a journal entry on day one of acquisition by Holdco..